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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: housing market

housing market stories: 238 news summaries

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8 States Poised to Lose House Seats: Census

Sun Belt boom may be ending

Dec 23, 08 10:01 AM CST
(Newser) - After a generation, the Sun Belt’s population boom may be ending, new Census data suggest. Over the year ending July 1, more people left Florida than moved there for the first time in some 30 years; after 23 years in the top four fastest-growing states, Nevada fell to eighth... More »

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Florida • Congress • housing market • Michigan • House of Representatives • Utah • Nevada • Sun Belt

Treasury May Lower
Mortgage Rates to 4.5%

Rates could go as low as 4.5% to curb falling home prices

Dec 3, 08 4:36 PM CST
(Newser) - The Treasury may try to bring new mortgage rates down to 4.5%—a full percentage point lower than current rates—to revitalize the housing market, the Wall Street Journal reports. Under the proposal, which is still in the early stages, the department would use Fannie Mae and Freddie Mac... More »

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housing market • Freddie Mac • home loans • Fannie Mae • Treasury Department • subprime crisis

Retirement Communities Seek Younger Residents

Housing bust leads to 'age desegregaton'

Dec 1, 08 12:15 PM CST
(Newser) - A rash of vacancies caused by the ugly housing market has prompted many retirement communities to consider lowering, or even eliminating, age restrictions, the Wall Street Journal reports. Many of the communities enjoy lower taxes, and child- and teen-free living appeals to some seniors. But what's being call "age... More »

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housing market • age • retirement • retirees • condominium • retirement communities • financial crisis

MARKET Open

 Stocks Keep Good Vibes Going 

Stocks climb as investors are cheered by Fed plan to help consumer credit

Nov 25, 08 9:13 AM CST
(Newser) - Stocks continued to rise at the open this morning, with the Dow climbing more than 100 points and the S&P gaining 1.5%, as investors cheered the Treasury and Fed’s new program to boost consumer credit, the Wall Street Journal reports. The Nasdaq, however, was off slightly. The... More »

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stock market • housing market • Federal Reserve • Nasdaq • Treasury Department • S&P 500 • Dow Industrial • financial crisis • GSE

 Existing-Home Prices 
 Take Record Dive 

11.3% decline is biggest on record; sales down again in Oct. after Sept. uptick

Nov 24, 08 10:59 AM CST
(Newser) - After a brief, unexpected rise in September, sales of existing homes plunged again in October, with the median price taking its biggest drop on record, the Wall Street Journal reports. Home resales fell 3.1% to a 4.98 million annual rate, from September’s revised 5.14 million... More »

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housing market • housing • home prices • existing home sales

 Elderly Trapped in 
 Houses That Won't Sell  

Lack of buyers forces frail elderly to postpone plans for assisted living

Nov 22, 08 6:19 AM CST
(Newser) - The collapse of the housing market has left many elderly people marooned in their own homes, the New York Times reports. Retirement communities require hefty down payments that many elderly were expecting to raise by selling their homes. With no buyers out there, frail people requiring daily care are stuck... More »

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elderly • housing market • nursing homes • home sales • retirement communities

MARKETS

 Dow Falls 427 to Below 8,000 

Bad news in housing and predictions of recession sour stocks

Nov 19, 08 3:21 PM CST
(Newser) - Stocks plunged today on a spread of bad economic news, including signs that the housing market is not improving and dire predictions by the Federal Reserve’s interest-rate committee, the Wall Street Journal reports. The Dow fell 427.47 to close at 7,997.28. The Nasdaq lost 96.85,... More »

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housing market • Dow Jones • Consumer Price Index • Nasdaq • interest rate • consumer prices • Federal Open Market Committee • S&P 500 • FOMC • financial crisis

MARKETS

 Dow Up 151 After Seesaw Day 

Housing data drags, but HP, Home Depot fuel optimism

Nov 18, 08 3:20 PM CST
(Newser) - Stocks finished up slightly today amid a raft of mixed economic and earnings news, MarketWatch reports. On light trading volume, the indices swung between significant gains and losses, and the Dow closed up 151.17 at 8,424.75. The Nasdaq clawed out of the red at the last moment,... More »

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NASDAQ • housing market • Dow Jones • Pepsi • S&P 500 • earnings forecast • Hewlett-Packard

Fannie Mae
Posts Stunning
Losses

Lender bled $29B last quarter, dwarfing total bubble gains

Nov 10, 08 5:00 PM CST
(Newser) - Fannie Mae lost more in the third quarter of this year than it gained from soaring house prices between all of 2002 and 2006, the New York Times reports. The massive $29 billion loss, mainly from asset writedowns, means the company may need more than the $100 billion pledged from... More »

MORE ABOUT:
housing market • mortgage • Freddie Mac • Fannie Mae • writedowns

 Rescue Plan  
 Rankles Prudent 
 Homeowners 

Those who can pay mortgages feel cheated as neighbors get aid

Oct 31, 08 7:43 AM CDT
(Newser) - As the feds move ahead with a plan to help homeowners on the brink of foreclosure, others are questioning the scheme's fairness and wondering if it's ripe for abuse, the New York Times reports. “I am beginning to think I would have rocks in my head if I keep... More »

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housing market • abuse • refinanced mortgages • subprime crisis • bailout • mortgage defaults • financial crisis

 Trump in Trouble 
 on Chicago Tower 

Bleak outloook makes financing a tall order for 92-story skyscraper

Oct 29, 08 6:16 AM CDT
(Newser) - Donald Trump's 92-story Chicago tower has been hit by a triple-whammy of the credit crunch, the housing slump, and sagging retail sales, making foreclosure a real danger, the Wall Street Journal reports. Trump, who developed the tower without partners, owes $1 billion on the project but has so far sold... More »

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real estate • Chicago • Donald Trump • housing market • real estate development • skyscraper

Home Sales Up 5.5%,
Biggest Gain in 5 Years

Inventories still at historic highs

Oct 24, 08 11:10 AM CDT
(AP) - Sales of existing US homes rose by the largest amount in more than five years in last month, a real estate trade group said today. The data offer a glimmer of hope that the housing slump could be starting to bottom out. The National Association of Realtors said sales of... More »

MORE ABOUT:
housing market • home sales • housing • National Association of Realtors • home prices • housing bubble • existing home sales

MARKETS

 Stocks Sink, Yet End Week Up 

More ugly news makes for yet another volatile day

Oct 17, 08 3:37 PM CDT
(Newser) - Stocks remained volatile and swung lower at the end of the today’s session,as bad economic news convinced investors the financial crisis is not over yet, MarketWatch reports. The Dow closed down 127.04 at 8,852.22, but posted a weekly gain after four weeks of losses. The... More »

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housing market • Dow Jones • consumer confidence • Nasdaq • credit crisis • commercial paper • S&P 500 • Libor • financial crisis • interbank lending

MARKETS

 Stocks Plunge on Housing Data 

Volatile day ahead

Oct 17, 08 8:50 AM CDT
(Newser) - Stocks dropped today at the open, after a dour housing report reaffirmed market pessimism. But the day is expected to be a volatile one, the Wall Street Journal reports, after yesterday’s wild session. The Dow dropped 221 points at the bell, with the S&P and Nasdaq dropping... More »

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stock market • housing market • Dow Jones • housing starts • George W. Bush

(Newser) - A witch’s brew of factors is cursing the US housing market, reports the New York Times, driving home prices ever lower as they search for bottom. Rising unemployment, higher interest rates, lower wages, and a glut of foreclosures are likely to continue to keep the market depressed through... More »

MORE ABOUT:
housing market • foreclosure • home sales • home prices • financial crisis

analysis

Bank Rescue Won't Lift Home Prices, Stop Foreclosures

Continued downward spiral drives consumer spending down, killing net worth

Oct 15, 08 9:46 AM CDT
(Newser) - Economists are increasingly concerned that the government rescue plan is missing the root cause of the foundering US economy: still-falling home prices, reports the Wall Street Journal. And, while the bailout of banks and financial institutions could ease the pain of the slump, unless help is extended to the... More »

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housing market • foreclosure • home prices • bailout • financial crisis

Chicago Sheriff 
Halts Evictions

Lawman declares
that throwing renters out of foreclosed
properties is unjust

Oct 9, 08 8:21 AM CDT
(Newser) - A Chicago lawman is going to stop enforcing foreclosure evictions because they’re unfair to renters, the Chicago Tribune reports. Cook County Sheriff Tom Dart has a huge and growing eviction list but is refusing to carry out any more mortgage-foreclosure evictions until lenders first figure out who’s actually... More »

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Chicago • housing market • foreclosure • eviction • sheriff

NYC's Luxury Apartment Bubble Bursts

There's now a glut
of pricey listings
on the market

Oct 8, 08 8:15 PM CDT
(Newser) - New York’s top real estate agents subscribed to an 8-word mantra last year, the New York Observer notes: So many eager buyers, so few trophy properties. But 2008 has brought a dose of cold reality. More than 168 luxury apartments and townhouses are on the market, dozens more than... More »

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New York real estate • housing market • luxury condo

OPINION

Bottom-up Bailout: Pay Off Delinquent Mortgages

Using tax money to pay delinquent mortgages would revive markets

Oct 1, 08 11:55 AM CDT
(Newser) - Rescuing ordinary Americans—not Wall Street—should be the theory behind the government bailout, and that means paying off delinquent mortgages, say two Yale professors in the Washington Post. If that sounds unfair, it is, but it's "a small price to pay to avoid a rapid transition to a... More »

MORE ABOUT:
housing market • foreclosure • Treasury Department • bailout • financial crisis • Wall Street bailout

OPINION

Housing Will Bottom June 30, 2009: Cramer

Bombastic guru lists
10 signs of a real-estate turnaround

Sep 8, 08 2:29 PM CDT
(Newser) - Jim Cramer has spent over a year “shouting in my usual unhinged way” about the bleak real estate market, he writes in New York. But now he’s so confident housing’s headed for a bottom that he’ll name the exact date: June 30, 2009. Why?
... More »

MORE ABOUT:
housing market • Freddie Mac • Fannie Mae • Jim Cramer • home prices • housing crisis • housing bubble • FHA mortgage

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